You’ve heard it said before that “Trading is not a sprint, it’s a marathon”. Since it seems to be the done thing to compare trading to a running race, I’m going to jump on the bandwagon. And mess it up a little. While trading certainly isn’t a sprint, it’s not really a marathon either. Marathons …
Category Archive: For the Newbies
Nov 22
Next Step on The Road To Incredibleness – FOCUS
Hi! I’m Jess. I’m a Trader, and you subscribe to my blog because, well, you just do. I thought I’d better re-introduce myself because you’ve likely forgotten exactly who I am. It’s been a while, hasn’t it? As you used to know but have probably forgotten, I’m on my way to becoming a trader worthy …
Oct 16
A Profitable System is Only The Beginning
It turns out I’m just a big floozy after all. All a trading system has to do is give me wink and a smile, and I throw myself into its arms like it’s the answer to all my trading prayers. You see, I’m ready to settle down. I’m tired of the dating scene, and I’m …
Sep 11
Why My Forex Trade Ideas Suck. In a Good Way.
I get asked every now and then to share my trade ideas with the new currency traders out there, and while it’s really flattering and makes me feel special, I’m hesitant to do it. Why? Quite simply, because everyone will hate it. My Forex trades will lose everyone money because my win/loss ratio sucks. In …
Sep 07
How do You Know When Enough is Enough?
I could never be a nurse. It’s not that I can’t deal with blood or anything like that, it’s just that mangled limbs aren’t really my thing. Watching someone having their spleen removed doesn’t really ring my bells either. I’m also not very keen on cleaning up ‘accidents’, or jabbing people with needles – although …
Sep 03
The Impact Of Fear
Fear is probably one of the most crippling emotions a trader can have. It has the ability to over-ride our in-built fight or flight reflex, and paralyse us like a deer in the headlights. This frozen, paralysed state is probably the most harmful state a trader can find themselves in, because rather than panicking out …
Jul 23
The Beauty of Back Testing
I’ve embraced my inner nerd this weekend, and spent a great deal of time with my face in front of the computer, writing out reams of data by hand. You see, I had an idea to make my life a little easier and hopefully more profitable. I’ve been mucking around with FX this year in …
Jul 18
Mark Cook on The Evolution of a Trader.
I love hearing experienced traders share their trading wisdom, and the other day I stumbled upon this interview with Market Wizard Mark Cook. In this interview he chats with Aussie trader Stuart McPhee about the evolution of a trader, including the importance of knowing your trading personality, trading as a business and the necessity of …
Jul 16
Struggling As A Trader? Part 3 – Blame Your Teachers
In response to some readers requests, I’ve been looking at some of the ways we’ve been hardwired – by our caveman ancestors, our mothers and now our teachers – to fail at trading. Trading is entirely counter-intuitive, and to be successful we need to be able to recognise our natural inclinations and actively work to …
Jul 05
Struggling as a Trader? Blame the Cavemen.
In a recent post I made the statement that, “No-one starts off their trading career with the natural gifts and talents that allow things to come easily. In fact it’s the opposite – we’re all hardwired to fail at trading.” Some traders asked for a more detailed explanation about how we’re hardwired so I thought …
My name is Jess. I’m an Aussie girl (or maybe I’m a woman – I’m not sure where the cut-off is). I’m a Mum to my daughter and two sons, a wife to my one husband, and a friend to anyone who knocks on the door – particularly if they come bearing red wine. Or any kind of wine, really. More >>
